AFI Properties Ltd. (TLV:AFPR)

AFI Properties Income Statement

Financials in millions ILS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	1,053	988.53	798.27	617.06	555.5	405.91
Property Management Fees	364.1	329.7	270.29	268.49	189.34	127.09
Other Revenue	136.22	180.18	303.77	275.74	402.83	414.57
Total Revenue	1,553	1,498	1,372	1,161	1,148	947.56
Revenue Growth (YoY	7.07%	9.19%	18.17%	1.19%	21.12%	7.76%
Property Expenses	509.45	520.23	612.59	592.86	567.5	477.95
Selling, General & Administrative	143.02	140.11	110.41	136.01	83.7	86.09
Other Operating Expenses	4.62	-0.79	-1.9	6.33	-2.61	-3.51
Total Operating Expenses	657.09	659.55	721.1	735.2	648.59	560.53
Operating Income	895.96	838.86	651.23	426.09	499.08	387.04
Interest Expense	-920.21	-560.57	-422.1	-340.25	-251.66	-148.94
Interest & Investment Income	74.14	74.14	50.93	35.86	26.86	11.69
Income (Loss) on Equity Investments	129.16	132.66	33.16	50.4	89.57	12.76
Currency Exchange Gain (Loss)	-67.29	-67.29	93.29	80.07	-114.68	4.28
Other Non-Operating Income	312.27	-33.86	-201.03	-63.91	149.49	-20.81
EBT Excluding Unusual Items	424.02	383.95	205.48	188.26	398.67	246.01
Gain (Loss) on Sale of Investments	41.92	41.92	-	86	-	-
Asset Writedown	429.63	420.24	58.08	472.71	542.59	-194.47
Total Legal Settlements	-	-	-	-	-	-1.13
Other Unusual Items	12.5	10.5	3	-6.63	-9.3	-
Pretax Income	908.07	856.6	266.56	740.33	931.96	50.41
Income Tax Expense	200.74	186.71	53.27	152.65	143.31	32.24
Earnings From Continuing Operations	707.33	669.89	213.29	587.69	788.65	18.17
Net Income to Company	707.33	669.89	213.29	587.69	788.65	18.17
Minority Interest in Earnings	-6.51	-6.59	-1.89	-2.2	-1.32	0.92
Net Income	700.82	663.3	211.4	585.49	787.34	19.09
Net Income to Common	700.82	663.3	211.4	585.49	787.34	19.09
Net Income Growth	92.02%	213.76%	-63.89%	-25.64%	4024.12%	-95.07%
Basic Shares Outstanding	38	38	38	38	36	34
Diluted Shares Outstanding	38	38	38	38	36	34
Shares Change (YoY)	0.36%	0.03%	0.43%	4.51%	5.58%	19.11%
EPS (Basic)	18.41	17.43	5.56	15.52	21.83	0.56
EPS (Diluted)	18.37	17.43	5.56	15.46	21.73	0.56
EPS Growth	91.28%	213.56%	-64.05%	-28.85%	3803.57%	-95.86%
Dividend Per Share	-	-	-	-	1.380	-
Operating Margin	57.69%	55.98%	47.46%	36.69%	43.49%	40.85%
Profit Margin	45.13%	44.27%	15.40%	50.42%	68.60%	2.02%
EBITDA	901.7	844.79	655.81	430.23	503.29	392.83
EBITDA Margin	58.06%	56.38%	47.79%	37.05%	43.85%	41.46%
D&A For Ebitda	5.75	5.93	4.58	4.14	4.21	5.8
EBIT	895.96	838.86	651.23	426.09	499.08	387.04
EBIT Margin	57.69%	55.98%	47.46%	36.69%	43.49%	40.85%
Effective Tax Rate	22.11%	21.80%	19.98%	20.62%	15.38%	63.96%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.